DALLAS, July 7, 2022 - JLL Capital Markets announced today that it has closed the sale of a 19-building portfolio comprising 764,156 square feet of infill shallow-bay industrial space in the Dallas-Fort Worth area.

JLL marketed the property on behalf of the seller, MoxieBridge. Arden Logistics Parks, (ALP) a best-in-class logistics real estate operating platform, acquired the asset on behalf of Arden Group and Arcapita.

The portfolio caters to a wide range of light industrial and big box users with suite sizes ranging from 4,600 to 75,000 square feet, clear heights ranging from 16 to 32 feet and 21% office finish. The portfolio's 19 buildings are 96% leased to 29 diverse tenants with an average remaining lease term of 4.3 years.

The portfolio comprises:

  • 5301-15232 Midway in Addison
  • 1705 John Connally in Carrollton
  • 3325-2442 Halifax in Dallas
  • 712-740 West Mockingbird in Dallas
  • 3138 Quebec in Dallas
  • 4700 Alpha in Dallas
  • 12400 Ford in Farmers Branch
  • 3609 Marquis in Garland
  • 902-910 Fountain in Grand Prairie
  • 2120 Vanco in Irving
  • 3301-3401 Innovative in Mesquite
  • 555 S. Town East in Mesquite
  • 206 S. Town East in Mesquite
  • 545 Commerce in Southlake

These properties are widely dispersed across seven infill, established industrial submarkets, providing geographic diversification and proximity to significant demand travers and the area's major transportation arteries. Additionally, the buildings can draw from a highly skilled labor pool, with the area leading the nation in both population and job growth over the last decade.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Stephen Bailey, Dustin Volz, Dom Espinosa, Wells Waller, Pauli Kerr and Cole Sutter.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Inc. published this content on 07 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 04:33:00 UTC.